Polar Capital Holdings Plc Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FSLR	FIRST SOLAR INC	766,028	$200,109	0.8%	$252.20	0.0%	COM	336433107
CSCO	CISCO SYS INC	1,654,163	$127,420	0.5%	$73.79	0.0%	COM	17275R102
INTC	INTEL CORP	2,741,222	$101,151	0.4%	$37.76	0.0%	COM	458140100
BE	BLOOM ENERGY CORP	877,359	$76,234	0.3%	$105.07	0.0%	COM CL A	093712107
SVRA	SAVARA INC	8,306,196	$50,086	0.2%	$4.90	0.0%	COM	805111101
CTSH	COGNIZANT TECHNOLOGY SOLUTIO	482,096	$40,014	0.2%	$74.65	0.0%	CL A	192446102
ZBIO	ZENAS BIOPHARMA INC	1,057,609	$38,402	0.1%	$32.89	0.0%	COM	98937L105
OLMA	OLEMA PHARMACEUTICALS INC	1,380,450	$34,511	0.1%	$17.79	0.0%	COM	68062P106
CVS	CVS HEALTH CORP	370,982	$29,441	0.1%	$78.67	0.0%	COM	126650100
—	BRIDGEBIO PHARMA INC	24,000,000	$27,026	0.1%	$1.13	—	NOTE 2.250% 2/0	10806XAD4
RKLB	ROCKET LAB CORP	351,930	$24,551	0.1%	$57.32	0.0%	COM	773121108
BKR	BAKER HUGHES COMPANY	533,694	$24,304	0.1%	$47.34	0.0%	CL A	05722G100
FIX	COMFORT SYS USA INC	25,225	$23,542	0.1%	$922.99	0.0%	COM	199908104
CI	THE CIGNA GROUP	80,705	$22,212	0.1%	$279.23	0.0%	COM	125523100
WST	WEST PHARMACEUTICAL SVSC INC	69,332	$19,076	0.1%	$273.43	0.0%	COM	955306105
GH	GUARDANT HEALTH INC	157,485	$16,086	0.1%	$89.46	0.0%	COM	40131M109
VIAV	VIAVI SOLUTIONS INC	836,504	$14,907	0.1%	$16.15	0.0%	COM	925550105
AMAT	APPLIED MATLS INC	52,000	$13,363	0.1%	$239.49	0.0%	COM	038222105
MS	MORGAN STANLEY	67,532	$11,989	0.0%	$166.47	0.0%	COM NEW	617446448
ASTS	AST SPACEMOBILE INC	164,483	$11,946	0.0%	$71.36	0.0%	COM CL A	00217D100
TWLO	TWILIO INC	83,794	$11,919	0.0%	$123.87	0.0%	CL A	90138F102
SPGI	S&P GLOBAL INC	20,777	$10,858	0.0%	$494.21	0.0%	COM	78409V104
—	AFFIRM HLDGS INC	9,500,000	$10,640	0.0%	$1.12	—	NOTE 0.750%12/1	00827BAD8
ENGN	ENGENE HOLDINGS INC	1,142,982	$10,321	0.0%	$8.01	0.0%	COM	29286M105
EOSE	EOS ENERGY ENTERPRISES INC	878,000	$10,062	0.0%	$14.37	0.0%	COM CL A	29415C101
KRE	SPDR SERIES TRUST	150,000	$9,722	0.0%	—	—	CALL	78464A698
IVA	INVENTIVA SA	1,998,880	$9,295	0.0%	$4.65	—	ADS	46124U107
XPO	XPO INC	61,700	$8,386	0.0%	$136.23	0.0%	COM	983793100
TTE	TOTALENERGIES SE	112,719	$7,374	0.0%	$63.23	0.0%	ACT	F92124100
TSEM	TOWER SEMICONDUCTOR LTD	62,559	$7,346	0.0%	$96.32	0.0%	SHS NEW	M87915274
PRIM	PRIMORIS SVCS CORP	57,050	$7,082	0.0%	$130.57	0.0%	COM	74164F103
MNPR	MONOPAR THERAPEUTICS INC	105,750	$6,905	0.0%	$81.71	0.0%	COM NEW	61023L207
SNEX	STONEX GROUP INC	71,055	$6,759	0.0%	$94.30	0.0%	COM	861896108
—	COGENT BIOSCIENCES INC	5,500,000	$6,449	0.0%	$1.17	—	NOTE 1.625%11/1	19240QAA0
—	NUTANIX INC	5,000,000	$5,626	0.0%	$1.13	—	NOTE 0.250%10/0	67059NAH1
FUTU	FUTU HLDGS LTD	33,605	$5,518	0.0%	$164.21	—	SPON ADS CL A	36118L106
MIAX	MIAMI INTL HLDGS INC	123,992	$5,503	0.0%	$44.60	0.0%	COM	59356Q108
WBS	WEBSTER FINL CORP	81,202	$5,111	0.0%	$59.37	0.0%	COM	947890109
—	COINBASE GLOBAL INC	5,000,000	$4,990	0.0%	$1.00	—	NOTE 0.500% 6/0	19260QAB3
—	BILL HOLDINGS INC	5,000,000	$4,601	0.0%	$0.92	—	NOTE 4/0	090043AF7
—	T1 ENERGY INC	3,000,000	$3,846	0.0%	$1.28	—	NOTE 5.250%12/0	35834FAB0
—	FORD MTR CO	3,000,000	$3,116	0.0%	$1.04	—	NOTE 3/1	345370CZ1
—	JETBLUE AIRWAYS CORP	3,000,000	$2,903	0.0%	$0.97	—	NOTE 2.500% 9/0	477143AR2
COIN	COINBASE GLOBAL INC	11,407	$2,580	0.0%	$297.98	0.0%	COM CL A	19260Q107
CYTK	CYTOKINETICS INC	33,000	$2,097	0.0%	$40.57	+53.3%	PUT	23282W605
NTRA	NATERA INC	8,351	$1,913	0.0%	$208.59	0.0%	COM	632307104
—	RIVIAN AUTOMOTIVE INC	1,500,000	$1,893	0.0%	$1.26	—	NOTE 4.625% 3/1	76954AAB9
—	CELCUITY INC	750,000	$1,629	0.0%	$2.17	—	NOTE 2.750% 8/0	15102KAA8
—	DATADOG INC	600,000	$601	0.0%	$1.00	—	NOTE 12/0	23804LAD5
RGEN	REPLIGEN CORP	1,230	$202	0.0%	$156.63	0.0%	COM	759916109

Increased Positions (80)

AAPL APPLE INC 6.0%

Value ($000) $1,544,165 (+9244.1%) Shares 5,680,000 (+8651.9%) Est. Cost $168.54 Unrealized +59.2%

GOOGL ALPHABET INC 4.9%

Value ($000) $1,255,200 (+10234.5%) Shares 4,000,000 (+7906.1%) Est. Cost $189.79 Unrealized +50.5%

MSFT MICROSOFT CORP 4.6%

Value ($000) $1,189,028 (+14568.6%) Shares 2,458,600 (+15609.9%) Est. Cost $250.43 Unrealized +99.9%

AMD ADVANCED MICRO DEVICES INC 2.3%

Value ($000) $590,917 (+99.0%) Shares 2,759,230 (+50.3%) Est. Cost $147.62 Unrealized +52.1%

COHR COHERENT CORP 1.2%

Value ($000) $314,860 (+504.1%) Shares 1,705,912 (+252.6%) Est. Cost $131.92 Unrealized +13.4%

GOOGL ALPHABET INC 1.9%

Value ($000) $487,892 (+98.6%) Shares 1,558,761 (+54.2%) Est. Cost $189.79 Unrealized +50.5%

LLY ELI LILLY & CO 1.1%

Value ($000) $287,651 (+345.6%) Shares 267,662 (+216.3%) Est. Cost $776.10 Unrealized +23.1%

GOOG ALPHABET INC 1.8%

Value ($000) $473,751 (+78.0%) Shares 1,509,724 (+38.1%) Est. Cost $181.70 Unrealized +57.6%

MDB MONGODB INC 0.7%

Value ($000) $180,973 (+1023.1%) Shares 431,207 (+730.6%) Est. Cost $350.98 Unrealized +3.7%

RVMD REVOLUTION MEDICINES INC 0.6%

Value ($000) $160,398 (+618.4%) Shares 2,013,791 (+321.2%) Est. Cost $61.98 Unrealized +5.8%

FLEX FLEX LTD 0.9%

Value ($000) $223,140 (+152.0%) Shares 3,693,141 (+141.8%) Est. Cost $52.41 Unrealized +17.9%

AMZN AMAZON COM INC 1.2%

Value ($000) $315,942 (+68.9%) Shares 1,368,783 (+60.7%) Est. Cost $176.85 Unrealized +29.4%

FN FABRINET 1.0%

Value ($000) $251,276 (+98.4%) Shares 551,916 (+58.9%) Est. Cost $280.52 Unrealized +55.1%

SHOP SHOPIFY INC 1.0%

Value ($000) $270,235 (+65.3%) Shares 1,678,793 (+52.6%) Est. Cost $100.00 Unrealized +60.6%

AAPL APPLE INC 1.5%

Value ($000) $400,352 (+23.7%) Shares 1,472,639 (+15.9%) Est. Cost $168.54 Unrealized +59.2%

TEVA TEVA PHARMACEUTICAL INDS LTD 0.6%

Value ($000) $155,666 (+92.2%) Shares 4,987,690 (+24.4%) Est. Cost $22.36 Unrealized —

TSLA TESLA INC 0.6%

Value ($000) $165,562 (+73.7%) Shares 368,145 (+71.7%) Est. Cost $328.36 Unrealized +35.0%

REGN REGENERON PHARMACEUTICALS 0.6%

Value ($000) $158,177 (+77.1%) Shares 204,927 (+29.0%) Est. Cost $611.96 Unrealized +10.9%

NUVL NUVALENT INC 0.6%

Value ($000) $154,593 (+74.9%) Shares 1,536,859 (+50.3%) Est. Cost $89.18 Unrealized +10.6%

PCVX VAXCYTE INC 0.3%

Value ($000) $77,182 (+415.7%) Shares 1,672,783 (+302.6%) Est. Cost $55.75 Unrealized -19.8%

ARQT ARCUTIS BIOTHERAPEUTICS INC 0.6%

Value ($000) $161,351 (+61.5%) Shares 5,556,169 (+4.9%) Est. Cost $12.00 Unrealized +113.4%

ALAB ASTERA LABS INC 0.4%

Value ($000) $113,866 (+87.2%) Shares 684,453 (+120.4%) Est. Cost $133.94 Unrealized +24.9%

BBIO BRIDGEBIO PHARMA INC 0.4%

Value ($000) $99,387 (+95.0%) Shares 1,299,346 (+32.4%) Est. Cost $52.90 Unrealized +24.1%

IONS IONIS PHARMACEUTICALS INC 0.4%

Value ($000) $105,487 (+56.0%) Shares 1,333,424 (+29.0%) Est. Cost $42.70 Unrealized +76.3%

MDGL MADRIGAL PHARMACEUTICALS INC 0.6%

Value ($000) $157,320 (+29.4%) Shares 270,151 (+1.9%) Est. Cost $288.87 Unrealized +76.8%

CAT CATERPILLAR INC 0.3%

Value ($000) $67,378 (+106.7%) Shares 117,615 (+72.2%) Est. Cost $449.39 Unrealized +23.6%

APLS APELLIS PHARMACEUTICALS INC 0.4%

Value ($000) $93,108 (+55.2%) Shares 3,706,510 (+39.9%) Est. Cost $30.77 Unrealized -23.7%

GEV GE VERNOVA INC 0.6%

Value ($000) $162,100 (+24.0%) Shares 248,022 (+16.7%) Est. Cost $359.40 Unrealized +69.5%

ROIV ROIVANT SCIENCES LTD 0.2%

Value ($000) $58,376 (+97.0%) Shares 2,690,124 (+37.3%) Est. Cost $13.81 Unrealized +42.9%

SRRK SCHOLAR ROCK HLDG CORP 0.2%

Value ($000) $58,235 (+96.9%) Shares 1,322,011 (+66.5%) Est. Cost $20.69 Unrealized +81.3%

TSHA TAYSHA GENE THERAPIES INC 0.2%

Value ($000) $43,623 (+152.0%) Shares 7,931,403 (+49.8%) Est. Cost $3.04 Unrealized +59.7%

IBM INTERNATIONAL BUSINESS MACHS 0.5%

Value ($000) $119,108 (+26.3%) Shares 402,108 (+20.3%) Est. Cost $263.48 Unrealized +13.4%

PODD INSULET CORP 0.2%

Value ($000) $42,153 (+130.2%) Shares 148,299 (+150.0%) Est. Cost $268.13 Unrealized +16.6%

IQV IQVIA HLDGS INC 0.1%

Value ($000) $35,963 (+149.3%) Shares 159,543 (+110.0%) Est. Cost $200.56 Unrealized +8.5%

VSTM VERASTEM INC 0.1%

Value ($000) $30,302 (+224.1%) Shares 3,925,126 (+270.7%) Est. Cost $8.22 Unrealized +8.5%

DYN DYNE THERAPEUTICS INC 0.1%

Value ($000) $24,824 (+270.7%) Shares 1,269,131 (+139.7%) Est. Cost $15.80 Unrealized +19.9%

JCI JOHNSON CTLS INTL PLC 0.1%

Value ($000) $30,492 (+144.1%) Shares 254,632 (+124.1%) Est. Cost $111.26 Unrealized +3.2%

BOW BOWHEAD SPECIALTY HLDGS INC 0.1%

Value ($000) $34,962 (+87.4%) Shares 1,225,000 (+77.6%) Est. Cost $29.09 Unrealized -8.8%

HCA HCA HEALTHCARE INC 0.1%

Value ($000) $16,226 (+537.7%) Shares 34,755 (+482.2%) Est. Cost $425.54 Unrealized +9.0%

AMG AFFILIATED MANAGERS GROUP IN 0.1%

Value ($000) $30,917 (+65.1%) Shares 107,245 (+36.6%) Est. Cost $192.80 Unrealized +34.1%

DNTH DIANTHUS THERAPEUTICS INC 0.2%

Value ($000) $41,405 (+40.7%) Shares 1,004,728 (+34.3%) Est. Cost $28.93 Unrealized +34.0%

MLYS MINERALYS THERAPEUTICS INC 0.2%

Value ($000) $50,847 (+26.6%) Shares 1,401,141 (+32.3%) Est. Cost $26.14 Unrealized +53.4%

CHRW C H ROBINSON WORLDWIDE INC 0.1%

Value ($000) $27,398 (+62.3%) Shares 170,431 (+33.6%) Est. Cost $112.59 Unrealized +30.8%

BRO BROWN & BROWN INC 0.3%

Value ($000) $73,723 (+16.5%) Shares 925,000 (+37.0%) Est. Cost $88.18 Unrealized -5.5%

DAL DELTA AIR LINES INC DEL 0.1%

Value ($000) $28,550 (+55.3%) Shares 411,387 (+27.0%) Est. Cost $58.02 Unrealized +7.6%

APP APPLOVIN CORP 0.6%

Value ($000) $162,750 (+6.3%) Shares 241,533 (+13.3%) Est. Cost $481.02 Unrealized +31.0%

ELVN ENLIVEN THERAPEUTICS INC 0.2%

Value ($000) $54,111 (-14.6%) Shares 3,513,680 (+13.5%) Est. Cost $22.88 Unrealized -12.9%

FROG JFROG LTD 0.1%

Value ($000) $34,252 (+36.6%) Shares 548,383 (+3.5%) Est. Cost $42.71 Unrealized +33.1%

RLI RLI CORP 0.2%

Value ($000) $43,986 (+26.1%) Shares 687,500 (+28.5%) Est. Cost $57.86 Unrealized +6.2%

MMYT MAKEMYTRIP LIMITED MAURITIUS 0.2%

Value ($000) $42,691 (+25.4%) Shares 519,857 (+42.9%) Est. Cost $56.87 Unrealized +44.2%

NU NU HLDGS LTD 0.4%

Value ($000) $108,353 (+8.2%) Shares 6,472,724 (+3.5%) Est. Cost $11.94 Unrealized +34.6%

RKT ROCKET COS INC 0.1%

Value ($000) $15,233 (+116.0%) Shares 786,838 (+116.2%) Est. Cost $17.68 Unrealized +1.2%

PDD PDD HOLDINGS INC 0.3%

Value ($000) $65,470 (-10.9%) Shares 577,391 (+3.9%) Est. Cost $109.78 Unrealized —

U UNITY SOFTWARE INC 0.1%

Value ($000) $18,616 (+74.9%) Shares 421,467 (+58.6%) Est. Cost $29.29 Unrealized +39.1%

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value ($000) $35,441 (+28.6%) Shares 61,164 (+7.6%) Est. Cost $471.90 Unrealized +19.8%

CRWD CROWDSTRIKE HLDGS INC 0.3%

Value ($000) $85,430 (+9.2%) Shares 182,246 (+14.3%) Est. Cost $397.07 Unrealized +28.2%

WMT WALMART INC 0.2%

Value ($000) $40,780 (+21.1%) Shares 366,034 (+12.1%) Est. Cost $70.34 Unrealized +52.4%

GRAB GRAB HOLDINGS LIMITED 0.3%

Value ($000) $71,798 (-8.6%) Shares 14,388,355 (+10.3%) Est. Cost $4.82 Unrealized +14.6%

C CITIGROUP INC 0.1%

Value ($000) $13,848 (+71.4%) Shares 118,672 (+49.1%) Est. Cost $73.43 Unrealized +41.1%

NXPI NXP SEMICONDUCTORS N V 0.0%

Value ($000) $10,744 (+95.0%) Shares 49,500 (+104.5%) Est. Cost $205.72 Unrealized +3.9%

— FLUOR CORP 0.0%

Value ($000) $6,298 (+431.1%) Shares 5,500,000 (+450.0%) Est. Cost $1.13 Unrealized —

USFD US FOODS HLDG CORP 0.1%

Value ($000) $34,519 (+15.9%) Shares 458,296 (+17.9%) Est. Cost $48.87 Unrealized +53.6%

MRSH MARSH & MCLENNAN COS INC 0.7%

Value ($000) $179,027 (-2.4%) Shares 965,000 (+6.0%) Est. Cost $126.54 Unrealized +47.3%

BX BLACKSTONE INC 0.0%

Value ($000) $8,786 (+98.0%) Shares 57,003 (+119.4%) Est. Cost $136.25 Unrealized +11.2%

ON ON SEMICONDUCTOR CORP 0.0%

Value ($000) $5,123 (+441.1%) Shares 94,600 (+392.7%) Est. Cost $49.71 Unrealized +3.2%

RY ROYAL BK CDA 0.1%

Value ($000) $16,665 (+31.3%) Shares 97,748 (+40.9%) Est. Cost $131.39 Unrealized +16.9%

ADI ANALOG DEVICES INC 0.1%

Value ($000) $27,725 (+15.2%) Shares 102,231 (+4.4%) Est. Cost $158.20 Unrealized +58.4%

WTS WATTS WATER TECHNOLOGIES INC 0.0%

Value ($000) $12,489 (+39.8%) Shares 45,248 (+41.5%) Est. Cost $239.90 Unrealized +15.0%

RYAN RYAN SPECIALTY HOLDINGS INC 0.4%

Value ($000) $91,901 (-3.4%) Shares 1,780,000 (+5.5%) Est. Cost $41.11 Unrealized +33.4%

KSPI KASPI KZ JSC 0.2%

Value ($000) $50,567 (+5.5%) Shares 647,217 (+10.3%) Est. Cost $86.79 Unrealized —

RAPP RAPPORT THERAPEUTICS INC 0.1%

Value ($000) $30,483 (+9.3%) Shares 1,004,728 (+7.0%) Est. Cost $18.48 Unrealized +49.7%

MP MP MATERIALS CORP 0.0%

Value ($000) $2,349 (+343.4%) Shares 46,500 (+488.6%) Est. Cost $55.97 Unrealized +13.3%

BAC BANK AMERICA CORP 0.1%

Value ($000) $21,539 (+8.6%) Shares 391,610 (+1.9%) Est. Cost $43.07 Unrealized +22.3%

AXP AMERICAN EXPRESS CO 0.1%

Value ($000) $14,931 (+12.9%) Shares 40,360 (+1.4%) Est. Cost $242.53 Unrealized +47.2%

ORIC ORIC PHARMACEUTICALS INC 0.0%

Value ($000) $4,109 (-26.9%) Shares 502,364 (+7.2%) Est. Cost $10.59 Unrealized +8.7%

COF CAPITAL ONE FINL CORP 0.0%

Value ($000) $9,927 (+16.2%) Shares 40,961 (+1.9%) Est. Cost $185.73 Unrealized +19.6%

AFRM AFFIRM HLDGS INC 0.1%

Value ($000) $30,648 (+4.4%) Shares 411,776 (+2.5%) Est. Cost $52.79 Unrealized +36.3%

TRUP TRUPANION INC 0.2%

Value ($000) $55,121 (-2.0%) Shares 1,475,000 (+13.5%) Est. Cost $56.47 Unrealized -30.4%

BK BANK NEW YORK MELLON CORP 0.0%

Value ($000) $10,010 (+8.5%) Shares 86,226 (+1.9%) Est. Cost $83.08 Unrealized +33.0%

GL GLOBE LIFE INC 0.0%

Value ($000) $12,750 (-0.3%) Shares 91,164 (+1.9%) Est. Cost $109.00 Unrealized +24.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AAPL	APPLE INC	5,680,000 (+8651.9%)	$1,544,165 (+9244.1%)	6.0%	$168.54	+59.2%	CALL	037833100
GOOGL	ALPHABET INC	4,000,000 (+7906.1%)	$1,255,200 (+10234.5%)	4.9%	$189.79	+50.5%	CALL	02079K305
MSFT	MICROSOFT CORP	2,458,600 (+15609.9%)	$1,189,028 (+14568.6%)	4.6%	$250.43	+99.9%	CALL	594918104
AMD	ADVANCED MICRO DEVICES INC	2,759,230 (+50.3%)	$590,917 (+99.0%)	2.3%	$147.62	+52.1%	COM	007903107
COHR	COHERENT CORP	1,705,912 (+252.6%)	$314,860 (+504.1%)	1.2%	$131.92	+13.4%	COM	19247G107
GOOGL	ALPHABET INC	1,558,761 (+54.2%)	$487,892 (+98.6%)	1.9%	$189.79	+50.5%	CAP STK CL A	02079K305
LLY	ELI LILLY & CO	267,662 (+216.3%)	$287,651 (+345.6%)	1.1%	$776.10	+23.1%	COM	532457108
GOOG	ALPHABET INC	1,509,724 (+38.1%)	$473,751 (+78.0%)	1.8%	$181.70	+57.6%	CAP STK CL C	02079K107
MDB	MONGODB INC	431,207 (+730.6%)	$180,973 (+1023.1%)	0.7%	$350.98	+3.7%	CL A	60937P106
RVMD	REVOLUTION MEDICINES INC	2,013,791 (+321.2%)	$160,398 (+618.4%)	0.6%	$61.98	+5.8%	COM	76155X100
FLEX	FLEX LTD	3,693,141 (+141.8%)	$223,140 (+152.0%)	0.9%	$52.41	+17.9%	ORD	Y2573F102
AMZN	AMAZON COM INC	1,368,783 (+60.7%)	$315,942 (+68.9%)	1.2%	$176.85	+29.4%	COM	023135106
FN	FABRINET	551,916 (+58.9%)	$251,276 (+98.4%)	1.0%	$280.52	+55.1%	SHS	G3323L100
SHOP	SHOPIFY INC	1,678,793 (+52.6%)	$270,235 (+65.3%)	1.0%	$100.00	+60.6%	CL A SUB VTG SHS	82509L107
AAPL	APPLE INC	1,472,639 (+15.9%)	$400,352 (+23.7%)	1.5%	$168.54	+59.2%	COM	037833100
TEVA	TEVA PHARMACEUTICAL INDS LTD	4,987,690 (+24.4%)	$155,666 (+92.2%)	0.6%	$22.36	—	SPONSORED ADS	881624209
TSLA	TESLA INC	368,145 (+71.7%)	$165,562 (+73.7%)	0.6%	$328.36	+35.0%	COM	88160R101
REGN	REGENERON PHARMACEUTICALS	204,927 (+29.0%)	$158,177 (+77.1%)	0.6%	$611.96	+10.9%	COM	75886F107
NUVL	NUVALENT INC	1,536,859 (+50.3%)	$154,593 (+74.9%)	0.6%	$89.18	+10.6%	COM	670703107
PCVX	VAXCYTE INC	1,672,783 (+302.6%)	$77,182 (+415.7%)	0.3%	$55.75	-19.8%	COM	92243G108
ARQT	ARCUTIS BIOTHERAPEUTICS INC	5,556,169 (+4.9%)	$161,351 (+61.5%)	0.6%	$12.00	+113.4%	COM	03969K108
ALAB	ASTERA LABS INC	684,453 (+120.4%)	$113,866 (+87.2%)	0.4%	$133.94	+24.9%	COM	04626A103
BBIO	BRIDGEBIO PHARMA INC	1,299,346 (+32.4%)	$99,387 (+95.0%)	0.4%	$52.90	+24.1%	COM	10806X102
IONS	IONIS PHARMACEUTICALS INC	1,333,424 (+29.0%)	$105,487 (+56.0%)	0.4%	$42.70	+76.3%	COM	462222100
MDGL	MADRIGAL PHARMACEUTICALS INC	270,151 (+1.9%)	$157,320 (+29.4%)	0.6%	$288.87	+76.8%	COM	558868105
CAT	CATERPILLAR INC	117,615 (+72.2%)	$67,378 (+106.7%)	0.3%	$449.39	+23.6%	COM	149123101
APLS	APELLIS PHARMACEUTICALS INC	3,706,510 (+39.9%)	$93,108 (+55.2%)	0.4%	$30.77	-23.7%	COM	03753U106
GEV	GE VERNOVA INC	248,022 (+16.7%)	$162,100 (+24.0%)	0.6%	$359.40	+69.5%	COM	36828A101
ROIV	ROIVANT SCIENCES LTD	2,690,124 (+37.3%)	$58,376 (+97.0%)	0.2%	$13.81	+42.9%	SHS	G76279101
SRRK	SCHOLAR ROCK HLDG CORP	1,322,011 (+66.5%)	$58,235 (+96.9%)	0.2%	$20.69	+81.3%	COM	80706P103
TSHA	TAYSHA GENE THERAPIES INC	7,931,403 (+49.8%)	$43,623 (+152.0%)	0.2%	$3.04	+59.7%	COM SHS	877619106
IBM	INTERNATIONAL BUSINESS MACHS	402,108 (+20.3%)	$119,108 (+26.3%)	0.5%	$263.48	+13.4%	COM	459200101
PODD	INSULET CORP	148,299 (+150.0%)	$42,153 (+130.2%)	0.2%	$268.13	+16.6%	COM	45784P101
IQV	IQVIA HLDGS INC	159,543 (+110.0%)	$35,963 (+149.3%)	0.1%	$200.56	+8.5%	COM	46266C105
VSTM	VERASTEM INC	3,925,126 (+270.7%)	$30,302 (+224.1%)	0.1%	$8.22	+8.5%	COM NEW	92337C203
DYN	DYNE THERAPEUTICS INC	1,269,131 (+139.7%)	$24,824 (+270.7%)	0.1%	$15.80	+19.9%	COM	26818M108
JCI	JOHNSON CTLS INTL PLC	254,632 (+124.1%)	$30,492 (+144.1%)	0.1%	$111.26	+3.2%	SHS	G51502105
BOW	BOWHEAD SPECIALTY HLDGS INC	1,225,000 (+77.6%)	$34,962 (+87.4%)	0.1%	$29.09	-8.8%	COM SHS	10240L102
HCA	HCA HEALTHCARE INC	34,755 (+482.2%)	$16,226 (+537.7%)	0.1%	$425.54	+9.0%	COM	40412C101
AMG	AFFILIATED MANAGERS GROUP IN	107,245 (+36.6%)	$30,917 (+65.1%)	0.1%	$192.80	+34.1%	COM	008252108
DNTH	DIANTHUS THERAPEUTICS INC	1,004,728 (+34.3%)	$41,405 (+40.7%)	0.2%	$28.93	+34.0%	COM	252828108
MLYS	MINERALYS THERAPEUTICS INC	1,401,141 (+32.3%)	$50,847 (+26.6%)	0.2%	$26.14	+53.4%	COM	603170101
CHRW	C H ROBINSON WORLDWIDE INC	170,431 (+33.6%)	$27,398 (+62.3%)	0.1%	$112.59	+30.8%	COM NEW	12541W209
BRO	BROWN & BROWN INC	925,000 (+37.0%)	$73,723 (+16.5%)	0.3%	$88.18	-5.5%	COM	115236101
DAL	DELTA AIR LINES INC DEL	411,387 (+27.0%)	$28,550 (+55.3%)	0.1%	$58.02	+7.6%	COM NEW	247361702
APP	APPLOVIN CORP	241,533 (+13.3%)	$162,750 (+6.3%)	0.6%	$481.02	+31.0%	COM CL A	03831W108
ELVN	ENLIVEN THERAPEUTICS INC	3,513,680 (+13.5%)	$54,111 (-14.6%)	0.2%	$22.88	-12.9%	COM	29337E102
FROG	JFROG LTD	548,383 (+3.5%)	$34,252 (+36.6%)	0.1%	$42.71	+33.1%	ORD SHS	M6191J100
RLI	RLI CORP	687,500 (+28.5%)	$43,986 (+26.1%)	0.2%	$57.86	+6.2%	COM	749607107
MMYT	MAKEMYTRIP LIMITED MAURITIUS	519,857 (+42.9%)	$42,691 (+25.4%)	0.2%	$56.87	+44.2%	SHS	V5633W109
NU	NU HLDGS LTD	6,472,724 (+3.5%)	$108,353 (+8.2%)	0.4%	$11.94	+34.6%	ORD SHS CL A	G6683N103
RKT	ROCKET COS INC	786,838 (+116.2%)	$15,233 (+116.0%)	0.1%	$17.68	+1.2%	COM CL A	77311W101
PDD	PDD HOLDINGS INC	577,391 (+3.9%)	$65,470 (-10.9%)	0.3%	$109.78	—	SPONSORED ADS	722304102
U	UNITY SOFTWARE INC	421,467 (+58.6%)	$18,616 (+74.9%)	0.1%	$29.29	+39.1%	COM	91332U101
TMO	THERMO FISHER SCIENTIFIC INC	61,164 (+7.6%)	$35,441 (+28.6%)	0.1%	$471.90	+19.8%	COM	883556102
CRWD	CROWDSTRIKE HLDGS INC	182,246 (+14.3%)	$85,430 (+9.2%)	0.3%	$397.07	+28.2%	CL A	22788C105
WMT	WALMART INC	366,034 (+12.1%)	$40,780 (+21.1%)	0.2%	$70.34	+52.4%	COM	931142103
GRAB	GRAB HOLDINGS LIMITED	14,388,355 (+10.3%)	$71,798 (-8.6%)	0.3%	$4.82	+14.6%	CLASS A ORD	G4124C109
C	CITIGROUP INC	118,672 (+49.1%)	$13,848 (+71.4%)	0.1%	$73.43	+41.1%	COM NEW	172967424
NXPI	NXP SEMICONDUCTORS N V	49,500 (+104.5%)	$10,744 (+95.0%)	0.0%	$205.72	+3.9%	COM	N6596X109
—	FLUOR CORP	5,500,000 (+450.0%)	$6,298 (+431.1%)	0.0%	$1.13	—	NOTE 1.125% 8/1	343412AJ1
USFD	US FOODS HLDG CORP	458,296 (+17.9%)	$34,519 (+15.9%)	0.1%	$48.87	+53.6%	COM	912008109
MRSH	MARSH & MCLENNAN COS INC	965,000 (+6.0%)	$179,027 (-2.4%)	0.7%	$126.54	+47.3%	COM	571748102
BX	BLACKSTONE INC	57,003 (+119.4%)	$8,786 (+98.0%)	0.0%	$136.25	+11.2%	COM	09260D107
ON	ON SEMICONDUCTOR CORP	94,600 (+392.7%)	$5,123 (+441.1%)	0.0%	$49.71	+3.2%	COM	682189105
RY	ROYAL BK CDA	97,748 (+40.9%)	$16,665 (+31.3%)	0.1%	$131.39	+16.9%	COM	780087102
ADI	ANALOG DEVICES INC	102,231 (+4.4%)	$27,725 (+15.2%)	0.1%	$158.20	+58.4%	COM	032654105
WTS	WATTS WATER TECHNOLOGIES INC	45,248 (+41.5%)	$12,489 (+39.8%)	0.0%	$239.90	+15.0%	CL A	942749102
RYAN	RYAN SPECIALTY HOLDINGS INC	1,780,000 (+5.5%)	$91,901 (-3.4%)	0.4%	$41.11	+33.4%	CL A	78351F107
KSPI	KASPI KZ JSC	647,217 (+10.3%)	$50,567 (+5.5%)	0.2%	$86.79	—	SPONSORED ADS	48581R205
RAPP	RAPPORT THERAPEUTICS INC	1,004,728 (+7.0%)	$30,483 (+9.3%)	0.1%	$18.48	+49.7%	COM	75383L102
MP	MP MATERIALS CORP	46,500 (+488.6%)	$2,349 (+343.4%)	0.0%	$55.97	+13.3%	COM CL A	553368101
BAC	BANK AMERICA CORP	391,610 (+1.9%)	$21,539 (+8.6%)	0.1%	$43.07	+22.3%	COM	060505104
AXP	AMERICAN EXPRESS CO	40,360 (+1.4%)	$14,931 (+12.9%)	0.1%	$242.53	+47.2%	COM	025816109
ORIC	ORIC PHARMACEUTICALS INC	502,364 (+7.2%)	$4,109 (-26.9%)	0.0%	$10.59	+8.7%	COM	68622P109
COF	CAPITAL ONE FINL CORP	40,961 (+1.9%)	$9,927 (+16.2%)	0.0%	$185.73	+19.6%	COM	14040H105
AFRM	AFFIRM HLDGS INC	411,776 (+2.5%)	$30,648 (+4.4%)	0.1%	$52.79	+36.3%	COM CL A	00827B106
TRUP	TRUPANION INC	1,475,000 (+13.5%)	$55,121 (-2.0%)	0.2%	$56.47	-30.4%	COM	898202106
BK	BANK NEW YORK MELLON CORP	86,226 (+1.9%)	$10,010 (+8.5%)	0.0%	$83.08	+33.0%	COM	064058100
GL	GLOBE LIFE INC	91,164 (+1.9%)	$12,750 (-0.3%)	0.0%	$109.00	+24.3%	COM	37959E102

Exited Positions (40)

ORCL ORACLE CORP 1.0%

Value ($000) $252,832 Shares 898,990 Est. Cost $155.66 Unrealized +52.9%

DASH DOORDASH INC 0.6%

Value ($000) $146,975 Shares 540,369 Est. Cost $150.89 Unrealized +55.5%

RNA AVIDITY BIOSCIENCES INC 0.5%

Value ($000) $121,855 Shares 2,796,760 Est. Cost $35.28 Unrealized +83.1%

SPOT SPOTIFY TECHNOLOGY S A 0.4%

Value ($000) $96,681 Shares 138,512 Est. Cost $280.38 Unrealized +123.0%

BSX BOSTON SCIENTIFIC CORP 0.2%

Value ($000) $63,875 Shares 654,258 Est. Cost $64.24 Unrealized +52.6%

NFLX NETFLIX INC 0.2%

Value ($000) $61,578 Shares 51,361 Est. Cost $52.93 Unrealized +103.7%

— AVADEL PHARMACEUTICALS PLC 0.2%

Value ($000) $61,070 Shares 3,999,338 Est. Cost $14.06 Unrealized —

— AKERO THERAPEUTICS INC 0.2%

Value ($000) $50,271 Shares 1,058,776 Est. Cost $47.48 Unrealized —

ABT ABBOTT LABS 0.2%

Value ($000) $39,849 Shares 297,516 Est. Cost $126.58 Unrealized +0.6%

VTEX VTEX 0.1%

Value ($000) $30,809 Shares 7,034,043 Est. Cost $6.63 Unrealized -38.1%

DOCS DOXIMITY INC 0.1%

Value ($000) $29,362 Shares 401,393 Est. Cost $52.83 Unrealized +6.3%

ETN EATON CORP PLC 0.1%

Value ($000) $28,621 Shares 76,475 Est. Cost $316.57 Unrealized +11.9%

TME TENCENT MUSIC ENTMT GROUP 0.1%

Value ($000) $27,794 Shares 1,190,843 Est. Cost $23.34 Unrealized —

EXAS EXACT SCIENCES CORP 0.1%

Value ($000) $25,557 Shares 467,134 Est. Cost $56.50 Unrealized +42.1%

EW EDWARDS LIFESCIENCES CORP 0.1%

Value ($000) $24,722 Shares 317,886 Est. Cost $75.29 Unrealized +9.0%

STE STERIS PLC 0.1%

Value ($000) $24,621 Shares 99,504 Est. Cost $238.92 Unrealized +5.1%

GLOB GLOBANT S A 0.1%

Value ($000) $22,492 Shares 391,977 Est. Cost $188.08 Unrealized -66.6%

SMMT SUMMIT THERAPEUTICS INC 0.1%

Value ($000) $15,420 Shares 746,393 Est. Cost $22.80 Unrealized -17.5%

— AIRBNB INC 0.1%

Value ($000) $14,682 Shares 15,000,000 Est. Cost $0.98 Unrealized —

KRRO KORRO BIO INC 0.0%

Value ($000) $12,676 Shares 264,694 Est. Cost $35.40 Unrealized -34.0%

T AT&T INC 0.0%

Value ($000) $11,852 Shares 419,692 Est. Cost $28.07 Unrealized -9.9%

MAR MARRIOTT INTL INC NEW 0.0%

Value ($000) $9,090 Shares 34,903 Est. Cost $197.97 Unrealized +44.1%

DB DEUTSCHE BANK A G 0.0%

Value ($000) $8,067 Shares 212,757 Est. Cost $26.01 Unrealized +38.8%

CLBT CELLEBRITE DI LTD 0.0%

Value ($000) $8,013 Shares 432,443 Est. Cost $16.62 Unrealized +8.0%

WVE WAVE LIFE SCIENCES LTD 0.0%

Value ($000) $7,776 Shares 1,062,276 Est. Cost $13.06 Unrealized -22.2%

FISV FISERV INC 0.0%

Value ($000) $7,706 Shares 59,768 Est. Cost $107.91 Unrealized -22.3%

GS GOLDMAN SACHS GROUP INC 0.0%

Value ($000) $7,471 Shares 9,382 Est. Cost $442.58 Unrealized +83.8%

AXS AXIS CAP HLDGS LTD 0.0%

Value ($000) $6,347 Shares 66,254 Est. Cost $73.45 Unrealized +35.2%

OC OWENS CORNING NEW 0.0%

Value ($000) $5,800 Shares 41,000 Est. Cost $146.73 Unrealized -20.0%

EQH EQUITABLE HLDGS INC 0.0%

Value ($000) $5,463 Shares 107,591 Est. Cost $46.69 Unrealized +1.2%

FHN FIRST HORIZON CORPORATION 0.0%

Value ($000) $5,236 Shares 231,600 Est. Cost $18.17 Unrealized +22.1%

WAL WESTERN ALLIANCE BANCORP 0.0%

Value ($000) $4,939 Shares 56,958 Est. Cost $83.75 Unrealized -3.7%

— SPOTIFY USA INC 0.0%

Value ($000) $3,425 Shares 2,500,000 Est. Cost $1.12 Unrealized —

— QIAGEN NV 0.0%

Value ($000) $3,425 Shares 71,632 Est. Cost $51.34 Unrealized —

— TRIP COM GROUP LTD 0.0%

Value ($000) $3,205 Shares 2,500,000 Est. Cost $1.11 Unrealized —

CRH CRH PLC 0.0%

Value ($000) $2,529 Shares 21,091 Est. Cost $54.36 Unrealized +119.1%

ADSK AUTODESK INC 0.0%

Value ($000) $1,302 Shares 4,100 Est. Cost $264.96 Unrealized +14.2%

IBP INSTALLED BLDG PRODS INC 0.0%

Value ($000) $1,135 Shares 4,600 Est. Cost $165.66 Unrealized +55.9%

IONQ IONQ INC 0.0%

Value ($000) $953 Shares 15,500 Est. Cost $47.02 Unrealized +19.2%

VC VISTEON CORP 0.0%

Value ($000) $312 Shares 2,600 Est. Cost $81.84 Unrealized +29.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	ORACLE CORP	898,990	$252,832	1.0%	$155.66	+52.9%	—	68389X105
DASH	DOORDASH INC	540,369	$146,975	0.6%	$150.89	+55.5%	—	25809K105
RNA	AVIDITY BIOSCIENCES INC	2,796,760	$121,855	0.5%	$35.28	+83.1%	—	05370A108
SPOT	SPOTIFY TECHNOLOGY S A	138,512	$96,681	0.4%	$280.38	+123.0%	—	L8681T102
BSX	BOSTON SCIENTIFIC CORP	654,258	$63,875	0.2%	$64.24	+52.6%	—	101137107
NFLX	NETFLIX INC	51,361	$61,578	0.2%	$52.93	+103.7%	—	64110L106
—	AVADEL PHARMACEUTICALS PLC	3,999,338	$61,070	0.2%	$14.06	—	—	G29687103
—	AKERO THERAPEUTICS INC	1,058,776	$50,271	0.2%	$47.48	—	—	00973Y108
ABT	ABBOTT LABS	297,516	$39,849	0.2%	$126.58	+0.6%	—	002824100
VTEX	VTEX	7,034,043	$30,809	0.1%	$6.63	-38.1%	—	G9470A102
DOCS	DOXIMITY INC	401,393	$29,362	0.1%	$52.83	+6.3%	—	26622P107
ETN	EATON CORP PLC	76,475	$28,621	0.1%	$316.57	+11.9%	—	G29183103
TME	TENCENT MUSIC ENTMT GROUP	1,190,843	$27,794	0.1%	$23.34	—	—	88034P109
EXAS	EXACT SCIENCES CORP	467,134	$25,557	0.1%	$56.50	+42.1%	—	30063P105
EW	EDWARDS LIFESCIENCES CORP	317,886	$24,722	0.1%	$75.29	+9.0%	—	28176E108
STE	STERIS PLC	99,504	$24,621	0.1%	$238.92	+5.1%	—	G8473T100
GLOB	GLOBANT S A	391,977	$22,492	0.1%	$188.08	-66.6%	—	L44385109
SMMT	SUMMIT THERAPEUTICS INC	746,393	$15,420	0.1%	$22.80	-17.5%	—	86627T108
—	AIRBNB INC	15,000,000	$14,682	0.1%	$0.98	—	—	009066AB7
KRRO	KORRO BIO INC	264,694	$12,676	0.0%	$35.40	-34.0%	—	500946108
T	AT&T INC	419,692	$11,852	0.0%	$28.07	-9.9%	—	00206R102
MAR	MARRIOTT INTL INC NEW	34,903	$9,090	0.0%	$197.97	+44.1%	—	571903202
DB	DEUTSCHE BANK A G	212,757	$8,067	0.0%	$26.01	+38.8%	—	D18190898
CLBT	CELLEBRITE DI LTD	432,443	$8,013	0.0%	$16.62	+8.0%	—	M2197Q107
WVE	WAVE LIFE SCIENCES LTD	1,062,276	$7,776	0.0%	$13.06	-22.2%	—	Y95308105
FISV	FISERV INC	59,768	$7,706	0.0%	$107.91	-22.3%	—	337738108
GS	GOLDMAN SACHS GROUP INC	9,382	$7,471	0.0%	$442.58	+83.8%	—	38141G104
AXS	AXIS CAP HLDGS LTD	66,254	$6,347	0.0%	$73.45	+35.2%	—	G0692U109
OC	OWENS CORNING NEW	41,000	$5,800	0.0%	$146.73	-20.0%	—	690742101
EQH	EQUITABLE HLDGS INC	107,591	$5,463	0.0%	$46.69	+1.2%	—	29452E101
FHN	FIRST HORIZON CORPORATION	231,600	$5,236	0.0%	$18.17	+22.1%	—	320517105
WAL	WESTERN ALLIANCE BANCORP	56,958	$4,939	0.0%	$83.75	-3.7%	—	957638109
—	SPOTIFY USA INC	2,500,000	$3,425	0.0%	$1.12	—	—	84921RAB6
—	QIAGEN NV	71,632	$3,425	0.0%	$51.34	—	—	N72482206
—	TRIP COM GROUP LTD	2,500,000	$3,205	0.0%	$1.11	—	—	89677QAB3
CRH	CRH PLC	21,091	$2,529	0.0%	$54.36	+119.1%	—	G25508105
ADSK	AUTODESK INC	4,100	$1,302	0.0%	$264.96	+14.2%	—	052769106
IBP	INSTALLED BLDG PRODS INC	4,600	$1,135	0.0%	$165.66	+55.9%	—	45780R101
IONQ	IONQ INC	15,500	$953	0.0%	$47.02	+19.2%	—	46222L108
VC	VISTEON CORP	2,600	$312	0.0%	$81.84	+29.2%	—	92839U206

Decreased Positions (96)

META META PLATFORMS INC 2.2%

Value ($000) $578,937 (-44.3%) Shares 877,058 (-38.0%) Est. Cost $341.03 Unrealized +95.7%

NET CLOUDFLARE INC 0.7%

Value ($000) $183,422 (-52.3%) Shares 930,366 (-48.1%) Est. Cost $83.11 Unrealized +154.5%

MSFT MICROSOFT CORP 2.0%

Value ($000) $514,982 (-26.0%) Shares 1,064,849 (-20.8%) Est. Cost $250.43 Unrealized +99.9%

SNDK SANDISK CORP 1.2%

Value ($000) $301,054 (+106.0%) Shares 1,268,237 (-2.6%) Est. Cost $58.39 Unrealized +243.0%

LITE LUMENTUM HLDGS INC 1.5%

Value ($000) $379,389 (+57.3%) Shares 1,029,297 (-30.6%) Est. Cost $69.59 Unrealized +269.1%

PSTG PURE STORAGE INC 0.4%

Value ($000) $99,942 (-57.9%) Shares 1,491,444 (-47.3%) Est. Cost $52.53 Unrealized +59.0%

RBLX ROBLOX CORP 0.0%

Value ($000) $8,160 (-94.4%) Shares 100,706 (-90.4%) Est. Cost $98.78 Unrealized +7.5%

GLW CORNING INC 0.8%

Value ($000) $200,162 (-39.2%) Shares 2,285,993 (-43.0%) Est. Cost $57.45 Unrealized +49.7%

CRDO CREDO TECHNOLOGY GROUP HOLDI 0.6%

Value ($000) $158,384 (-41.2%) Shares 1,100,727 (-40.5%) Est. Cost $50.74 Unrealized +203.1%

HOOD ROBINHOOD MKTS INC 0.5%

Value ($000) $120,446 (-47.9%) Shares 1,064,954 (-34.0%) Est. Cost $33.79 Unrealized +284.9%

MELI MERCADOLIBRE INC 0.2%

Value ($000) $56,301 (-65.9%) Shares 27,951 (-60.4%) Est. Cost $1737.30 Unrealized +20.9%

ASND ASCENDIS PHARMA A/S 0.3%

Value ($000) $79,000 (-53.7%) Shares 370,473 (-56.8%) Est. Cost $159.66 Unrealized —

CVNA CARVANA CO 0.2%

Value ($000) $49,919 (-64.0%) Shares 118,287 (-67.9%) Est. Cost $357.61 Unrealized +3.9%

CIEN CIENA CORP 1.2%

Value ($000) $301,558 (+41.5%) Shares 1,289,427 (-11.9%) Est. Cost $67.90 Unrealized +185.7%

PLTR PALANTIR TECHNOLOGIES INC 0.1%

Value ($000) $25,866 (-76.5%) Shares 145,520 (-75.9%) Est. Cost $68.69 Unrealized +163.5%

AXON AXON ENTERPRISE INC 0.0%

Value ($000) $12,902 (-84.7%) Shares 22,718 (-80.6%) Est. Cost $315.07 Unrealized +96.9%

UBER UBER TECHNOLOGIES INC 0.1%

Value ($000) $19,853 (-78.0%) Shares 242,969 (-73.6%) Est. Cost $73.24 Unrealized +22.9%

WDC WESTERN DIGITAL CORP 0.6%

Value ($000) $157,316 (-29.1%) Shares 913,192 (-50.6%) Est. Cost $81.60 Unrealized +85.7%

APH AMPHENOL CORP NEW 0.4%

Value ($000) $115,162 (-34.4%) Shares 852,169 (-39.9%) Est. Cost $69.82 Unrealized +91.3%

RDDT REDDIT INC 0.5%

Value ($000) $124,724 (-28.5%) Shares 542,583 (-28.5%) Est. Cost $153.46 Unrealized +37.0%

CLS CELESTICA INC 1.2%

Value ($000) $298,879 (+18.0%) Shares 1,011,058 (-1.6%) Est. Cost $76.83 Unrealized +292.3%

WRB BERKLEY W R CORP 0.7%

Value ($000) $171,443 (-18.6%) Shares 2,445,000 (-11.1%) Est. Cost $38.64 Unrealized +88.2%

SE SEA LTD 0.2%

Value ($000) $57,710 (-36.0%) Shares 452,378 (-10.3%) Est. Cost $99.65 Unrealized —

BABA ALIBABA GROUP HLDG LTD 0.3%

Value ($000) $86,617 (-25.3%) Shares 590,917 (-8.9%) Est. Cost $132.23 Unrealized —

ANET ARISTA NETWORKS INC 0.6%

Value ($000) $163,087 (-15.0%) Shares 1,244,655 (-5.5%) Est. Cost $108.86 Unrealized +26.5%

SLNO SOLENO THERAPEUTICS INC 0.2%

Value ($000) $52,640 (-34.6%) Shares 1,136,929 (-4.5%) Est. Cost $63.65 Unrealized -13.9%

SNOW SNOWFLAKE INC 0.5%

Value ($000) $125,874 (-17.8%) Shares 573,823 (-15.5%) Est. Cost $158.03 Unrealized +54.5%

ALNY ALNYLAM PHARMACEUTICALS INC 0.4%

Value ($000) $95,677 (-16.6%) Shares 240,606 (-4.3%) Est. Cost $200.46 Unrealized +120.8%

CB CHUBB LIMITED 0.9%

Value ($000) $223,166 (+8.7%) Shares 715,000 (-1.7%) Est. Cost $137.68 Unrealized +112.4%

APGE APOGEE THERAPEUTICS INC 0.1%

Value ($000) $38,007 (+82.5%) Shares 503,539 (-3.9%) Est. Cost $38.64 Unrealized +63.0%

RDNT RADNET INC 0.2%

Value ($000) $46,952 (-26.0%) Shares 658,051 (-20.9%) Est. Cost $64.93 Unrealized +18.9%

MKL MARKEL GROUP INC 0.6%

Value ($000) $165,523 (+10.3%) Shares 77,000 (-1.9%) Est. Cost $1152.25 Unrealized +75.8%

ISRG INTUITIVE SURGICAL INC 0.0%

Value ($000) $3,578 (-80.9%) Shares 6,317 (-84.9%) Est. Cost $275.42 Unrealized +93.3%

ECL ECOLAB INC 0.1%

Value ($000) $14,119 (-50.9%) Shares 53,782 (-48.8%) Est. Cost $250.65 Unrealized +6.0%

NAMS NEWAMSTERDAM PHARMA COMPANY 0.4%

Value ($000) $97,390 (+17.6%) Shares 2,776,222 (-4.7%) Est. Cost $20.50 Unrealized +77.5%

FIS FIDELITY NATL INFORMATION SV 0.0%

Value ($000) $8,352 (-61.9%) Shares 125,676 (-62.2%) Est. Cost $60.82 Unrealized +7.9%

ACGL ARCH CAP GROUP LTD 1.2%

Value ($000) $319,414 (+4.1%) Shares 3,330,000 (-1.5%) Est. Cost $39.72 Unrealized +130.4%

PGR PROGRESSIVE CORP 0.4%

Value ($000) $103,157 (-11.0%) Shares 453,000 (-3.4%) Est. Cost $90.42 Unrealized +134.8%

RNR RENAISSANCERE HLDGS LTD 1.4%

Value ($000) $359,861 (+3.6%) Shares 1,279,917 (-6.4%) Est. Cost $180.17 Unrealized +46.1%

NPCE NEUROPACE INC 0.2%

Value ($000) $44,444 (+39.2%) Shares 2,878,523 (-7.1%) Est. Cost $9.43 Unrealized +41.8%

CVE CENOVUS ENERGY INC 0.0%

Value ($000) $10,620 (-54.0%) Shares 702,794 (-35.8%) Est. Cost $17.71 Unrealized -1.9%

EHC ENCOMPASS HEALTH CORP 0.2%

Value ($000) $49,834 (-19.3%) Shares 469,514 (-3.5%) Est. Cost $113.96 Unrealized +1.5%

PI IMPINJ INC 0.0%

Value ($000) $5,239 (-69.5%) Shares 30,105 (-68.3%) Est. Cost $111.03 Unrealized +60.5%

VRT VERTIV HOLDINGS CO 0.5%

Value ($000) $134,109 (-7.9%) Shares 827,785 (-14.2%) Est. Cost $97.83 Unrealized +77.4%

OTEX OPEN TEXT CORP 0.0%

Value ($000) $8,168 (-58.3%) Shares 280,780 (-33.5%) Est. Cost $30.38 Unrealized +16.6%

SYRE SPYRE THERAPEUTICS INC 0.1%

Value ($000) $24,253 (+83.5%) Shares 740,326 (-6.1%) Est. Cost $18.78 Unrealized +39.2%

— EXPEDIA GROUP INC 0.0%

Value ($000) $1,681 (-86.7%) Shares 1,500,000 (-88.0%) Est. Cost $1.01 Unrealized —

STX SEAGATE TECHNOLOGY HLDNGS PL 1.3%

Value ($000) $338,567 (-3.1%) Shares 1,229,410 (-16.9%) Est. Cost $119.94 Unrealized +115.9%

FAF FIRST AMERN FINL CORP 0.1%

Value ($000) $33,178 (-23.5%) Shares 540,000 (-20.0%) Est. Cost $47.06 Unrealized +32.4%

ORKA ORUKA THERAPEUTICS INC 0.1%

Value ($000) $29,652 (+49.4%) Shares 978,288 (-5.2%) Est. Cost $18.50 Unrealized +50.6%

MRVL MARVELL TECHNOLOGY INC 0.0%

Value ($000) $12,067 (-44.8%) Shares 142,000 (-45.4%) Est. Cost $86.44 Unrealized +1.2%

MU MICRON TECHNOLOGY INC 1.2%

Value ($000) $313,391 (+3.2%) Shares 1,098,037 (-39.5%) Est. Cost $87.64 Unrealized +161.7%

STOK STOKE THERAPEUTICS INC 0.2%

Value ($000) $40,282 (+29.5%) Shares 1,269,131 (-4.1%) Est. Cost $12.03 Unrealized +149.8%

MPWR MONOLITHIC PWR SYS INC 0.0%

Value ($000) $8,320 (-49.9%) Shares 9,180 (-49.1%) Est. Cost $682.76 Unrealized +40.7%

XENE XENON PHARMACEUTICALS INC 0.4%

Value ($000) $110,512 (+8.1%) Shares 2,465,694 (-3.2%) Est. Cost $32.07 Unrealized +31.0%

EG EVEREST GROUP LTD 0.5%

Value ($000) $136,928 (-4.8%) Shares 403,500 (-1.7%) Est. Cost $256.20 Unrealized +28.9%

KYMR KYMERA THERAPEUTICS INC 0.1%

Value ($000) $15,636 (-30.4%) Shares 200,946 (-49.4%) Est. Cost $38.38 Unrealized +75.9%

BKNG BOOKING HOLDINGS INC 0.1%

Value ($000) $21,737 (-23.3%) Shares 4,059 (-22.7%) Est. Cost $2463.11 Unrealized +108.6%

INSM INSMED INC 0.2%

Value ($000) $59,909 (+11.9%) Shares 344,228 (-7.4%) Est. Cost $57.07 Unrealized +219.8%

CLDX CELLDEX THERAPEUTICS INC NEW 0.1%

Value ($000) $27,382 (-18.6%) Shares 1,008,163 (-22.5%) Est. Cost $33.17 Unrealized -20.6%

CBRE CBRE GROUP INC 0.0%

Value ($000) $8,038 (-42.4%) Shares 49,991 (-43.5%) Est. Cost $154.70 Unrealized +1.6%

IBKR INTERACTIVE BROKERS GROUP IN 0.1%

Value ($000) $25,106 (-18.3%) Shares 390,385 (-12.6%) Est. Cost $41.50 Unrealized +61.2%

— TRAVERE THERAPEUTICS INC 0.0%

Value ($000) $3,544 (-60.4%) Shares 2,500,000 (-68.8%) Est. Cost $1.12 Unrealized —

QCOM QUALCOMM INC 0.1%

Value ($000) $17,130 (-23.4%) Shares 100,144 (-25.5%) Est. Cost $143.75 Unrealized +18.8%

CNC CENTENE CORP DEL 0.1%

Value ($000) $26,341 (-16.2%) Shares 640,127 (-27.3%) Est. Cost $37.71 Unrealized -0.7%

PEN PENUMBRA INC 0.1%

Value ($000) $18,085 (-21.4%) Shares 58,168 (-36.0%) Est. Cost $192.28 Unrealized +43.6%

RARE ULTRAGENYX PHARMACEUTICAL IN 0.0%

Value ($000) $12,802 (-27.1%) Shares 556,628 (-4.6%) Est. Cost $40.96 Unrealized -19.7%

IMNM IMMUNOME INC 0.1%

Value ($000) $17,041 (+37.5%) Shares 793,364 (-25.1%) Est. Cost $8.30 Unrealized +111.6%

TCOM TRIP COM GROUP LTD 0.3%

Value ($000) $71,840 (-5.8%) Shares 999,029 (-1.5%) Est. Cost $61.98 Unrealized —

DOX AMDOCS LTD 0.1%

Value ($000) $14,439 (-22.1%) Shares 179,344 (-20.6%) Est. Cost $80.99 Unrealized -1.4%

MBC MASTERBRAND INC 0.0%

Value ($000) $9,201 (-30.0%) Shares 833,400 (-16.4%) Est. Cost $15.06 Unrealized -22.3%

V VISA INC 0.2%

Value ($000) $51,057 (-7.1%) Shares 145,583 (-9.5%) Est. Cost $211.78 Unrealized +60.7%

CACC CREDIT ACCEP CORP MICH 0.1%

Value ($000) $13,765 (-21.4%) Shares 31,041 (-17.2%) Est. Cost $494.91 Unrealized -6.3%

MA MASTERCARD INCORPORATED 0.1%

Value ($000) $18,864 (-14.8%) Shares 33,044 (-15.1%) Est. Cost $382.19 Unrealized +46.2%

IRTC IRHYTHM TECHNOLOGIES INC 0.2%

Value ($000) $54,669 (-5.4%) Shares 308,100 (-8.3%) Est. Cost $158.75 Unrealized +11.6%

LIN LINDE PLC 0.0%

Value ($000) $1,288 (-69.8%) Shares 3,020 (-66.3%) Est. Cost $338.69 Unrealized +26.2%

TTMI TTM TECHNOLOGIES INC 0.7%

Value ($000) $179,221 (+1.6%) Shares 2,597,412 (-15.2%) Est. Cost $46.47 Unrealized +40.4%

MIRM MIRUM PHARMACEUTICALS INC 0.2%

Value ($000) $62,690 (+4.2%) Shares 793,642 (-3.3%) Est. Cost $33.31 Unrealized +115.5%

JLL JONES LANG LASALLE INC 0.1%

Value ($000) $29,899 (+8.1%) Shares 88,860 (-4.2%) Est. Cost $260.40 Unrealized +20.4%

SITM SITIME CORP 0.1%

Value ($000) $17,765 (-10.4%) Shares 50,300 (-23.5%) Est. Cost $196.44 Unrealized +59.3%

PCOR PROCORE TECHNOLOGIES INC 0.0%

Value ($000) $1,688 (-54.6%) Shares 23,200 (-54.5%) Est. Cost $69.82 Unrealized +5.9%

TRV TRAVELERS COMPANIES INC 0.5%

Value ($000) $142,129 (-1.3%) Shares 490,000 (-4.9%) Est. Cost $129.63 Unrealized +116.5%

DXCM DEXCOM INC 0.1%

Value ($000) $18,965 (-8.6%) Shares 285,744 (-7.4%) Est. Cost $79.14 Unrealized -18.3%

ARES ARES MANAGEMENT CORPORATION 0.0%

Value ($000) $4,415 (-23.6%) Shares 27,313 (-24.4%) Est. Cost $91.05 Unrealized +70.2%

AVGO BROADCOM INC 3.6%

Value ($000) $940,302 (+0.1%) Shares 2,716,852 (-4.5%) Est. Cost $168.03 Unrealized +112.5%

RYTM RHYTHM PHARMACEUTICALS INC 0.5%

Value ($000) $126,884 (+0.9%) Shares 1,185,392 (-4.8%) Est. Cost $45.43 Unrealized +133.5%

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $35,358 (-3.0%) Shares 109,733 (-5.1%) Est. Cost $125.22 Unrealized +147.2%

XMTR XOMETRY INC 0.1%

Value ($000) $21,488 (+5.2%) Shares 361,330 (-3.6%) Est. Cost $28.86 Unrealized +95.3%

CYTK CYTOKINETICS INC 0.6%

Value ($000) $153,933 (+0.6%) Shares 2,422,612 (-12.9%) Est. Cost $40.57 Unrealized +53.3%

TBBB BBB FOODS INC 0.1%

Value ($000) $27,376 (+3.0%) Shares 819,901 (-16.8%) Est. Cost $28.02 Unrealized +6.7%

LEGN LEGEND BIOTECH CORP 0.0%

Value ($000) $1,150 (-34.6%) Shares 52,893 (-1.9%) Est. Cost $46.32 Unrealized —

HIG HARTFORD INSURANCE GROUP INC 0.0%

Value ($000) $8,446 (-5.4%) Shares 61,294 (-8.5%) Est. Cost $127.36 Unrealized +3.3%

ESNT ESSENT GROUP LTD 0.6%

Value ($000) $159,275 (+0.2%) Shares 2,450,000 (-2.0%) Est. Cost $41.56 Unrealized +49.4%

BLD TOPBUILD CORP 0.0%

Value ($000) $3,859 (-6.9%) Shares 9,250 (-12.7%) Est. Cost $312.11 Unrealized +37.4%

LFST LIFESTANCE HEALTH GROUP INC 0.0%

Value ($000) $147 (+22.7%) Shares 20,870 (-4.2%) Est. Cost $5.82 Unrealized +3.6%

PHVS PHARVARIS N V 0.0%

Value ($000) $6,603 (-0.0%) Shares 237,962 (-10.1%) Est. Cost $22.18 Unrealized +8.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	877,058 (-38.0%)	$578,937 (-44.3%)	2.2%	$341.03	+95.7%	CL A	30303M102
NET	CLOUDFLARE INC	930,366 (-48.1%)	$183,422 (-52.3%)	0.7%	$83.11	+154.5%	CL A COM	18915M107
MSFT	MICROSOFT CORP	1,064,849 (-20.8%)	$514,982 (-26.0%)	2.0%	$250.43	+99.9%	COM	594918104
SNDK	SANDISK CORP	1,268,237 (-2.6%)	$301,054 (+106.0%)	1.2%	$58.39	+243.0%	COM	80004C200
LITE	LUMENTUM HLDGS INC	1,029,297 (-30.6%)	$379,389 (+57.3%)	1.5%	$69.59	+269.1%	COM	55024U109
PSTG	PURE STORAGE INC	1,491,444 (-47.3%)	$99,942 (-57.9%)	0.4%	$52.53	+59.0%	CL A	74624M102
RBLX	ROBLOX CORP	100,706 (-90.4%)	$8,160 (-94.4%)	0.0%	$98.78	+7.5%	CL A	771049103
GLW	CORNING INC	2,285,993 (-43.0%)	$200,162 (-39.2%)	0.8%	$57.45	+49.7%	COM	219350105
CRDO	CREDO TECHNOLOGY GROUP HOLDI	1,100,727 (-40.5%)	$158,384 (-41.2%)	0.6%	$50.74	+203.1%	ORDINARY SHARES	G25457105
HOOD	ROBINHOOD MKTS INC	1,064,954 (-34.0%)	$120,446 (-47.9%)	0.5%	$33.79	+284.9%	COM CL A	770700102
MELI	MERCADOLIBRE INC	27,951 (-60.4%)	$56,301 (-65.9%)	0.2%	$1737.30	+20.9%	COM	58733R102
ASND	ASCENDIS PHARMA A/S	370,473 (-56.8%)	$79,000 (-53.7%)	0.3%	$159.66	—	SPONSORED ADR	04351P101
CVNA	CARVANA CO	118,287 (-67.9%)	$49,919 (-64.0%)	0.2%	$357.61	+3.9%	CL A	146869102
CIEN	CIENA CORP	1,289,427 (-11.9%)	$301,558 (+41.5%)	1.2%	$67.90	+185.7%	COM NEW	171779309
PLTR	PALANTIR TECHNOLOGIES INC	145,520 (-75.9%)	$25,866 (-76.5%)	0.1%	$68.69	+163.5%	CL A	69608A108
AXON	AXON ENTERPRISE INC	22,718 (-80.6%)	$12,902 (-84.7%)	0.0%	$315.07	+96.9%	COM	05464C101
UBER	UBER TECHNOLOGIES INC	242,969 (-73.6%)	$19,853 (-78.0%)	0.1%	$73.24	+22.9%	COM	90353T100
WDC	WESTERN DIGITAL CORP	913,192 (-50.6%)	$157,316 (-29.1%)	0.6%	$81.60	+85.7%	COM	958102105
APH	AMPHENOL CORP NEW	852,169 (-39.9%)	$115,162 (-34.4%)	0.4%	$69.82	+91.3%	CL A	032095101
RDDT	REDDIT INC	542,583 (-28.5%)	$124,724 (-28.5%)	0.5%	$153.46	+37.0%	CL A	75734B100
CLS	CELESTICA INC	1,011,058 (-1.6%)	$298,879 (+18.0%)	1.2%	$76.83	+292.3%	COM	15101Q207
WRB	BERKLEY W R CORP	2,445,000 (-11.1%)	$171,443 (-18.6%)	0.7%	$38.64	+88.2%	COM	084423102
SE	SEA LTD	452,378 (-10.3%)	$57,710 (-36.0%)	0.2%	$99.65	—	SPONSORD ADS	81141R100
BABA	ALIBABA GROUP HLDG LTD	590,917 (-8.9%)	$86,617 (-25.3%)	0.3%	$132.23	—	SPONSORED ADS	01609W102
ANET	ARISTA NETWORKS INC	1,244,655 (-5.5%)	$163,087 (-15.0%)	0.6%	$108.86	+26.5%	COM SHS	040413205
SLNO	SOLENO THERAPEUTICS INC	1,136,929 (-4.5%)	$52,640 (-34.6%)	0.2%	$63.65	-13.9%	COM	834203309
SNOW	SNOWFLAKE INC	573,823 (-15.5%)	$125,874 (-17.8%)	0.5%	$158.03	+54.5%	COM SHS	833445109
ALNY	ALNYLAM PHARMACEUTICALS INC	240,606 (-4.3%)	$95,677 (-16.6%)	0.4%	$200.46	+120.8%	COM	02043Q107
CB	CHUBB LIMITED	715,000 (-1.7%)	$223,166 (+8.7%)	0.9%	$137.68	+112.4%	COM	H1467J104
APGE	APOGEE THERAPEUTICS INC	503,539 (-3.9%)	$38,007 (+82.5%)	0.1%	$38.64	+63.0%	COM	03770N101
RDNT	RADNET INC	658,051 (-20.9%)	$46,952 (-26.0%)	0.2%	$64.93	+18.9%	COM	750491102
MKL	MARKEL GROUP INC	77,000 (-1.9%)	$165,523 (+10.3%)	0.6%	$1152.25	+75.8%	COM	570535104
ISRG	INTUITIVE SURGICAL INC	6,317 (-84.9%)	$3,578 (-80.9%)	0.0%	$275.42	+93.3%	COM NEW	46120E602
ECL	ECOLAB INC	53,782 (-48.8%)	$14,119 (-50.9%)	0.1%	$250.65	+6.0%	COM	278865100
NAMS	NEWAMSTERDAM PHARMA COMPANY	2,776,222 (-4.7%)	$97,390 (+17.6%)	0.4%	$20.50	+77.5%	ORDINARY SHARES	N62509109
FIS	FIDELITY NATL INFORMATION SV	125,676 (-62.2%)	$8,352 (-61.9%)	0.0%	$60.82	+7.9%	COM	31620M106
ACGL	ARCH CAP GROUP LTD	3,330,000 (-1.5%)	$319,414 (+4.1%)	1.2%	$39.72	+130.4%	ORD	G0450A105
PGR	PROGRESSIVE CORP	453,000 (-3.4%)	$103,157 (-11.0%)	0.4%	$90.42	+134.8%	COM	743315103
RNR	RENAISSANCERE HLDGS LTD	1,279,917 (-6.4%)	$359,861 (+3.6%)	1.4%	$180.17	+46.1%	COM	G7496G103
NPCE	NEUROPACE INC	2,878,523 (-7.1%)	$44,444 (+39.2%)	0.2%	$9.43	+41.8%	COM	641288105
CVE	CENOVUS ENERGY INC	702,794 (-35.8%)	$10,620 (-54.0%)	0.0%	$17.71	-1.9%	COM	15135U109
EHC	ENCOMPASS HEALTH CORP	469,514 (-3.5%)	$49,834 (-19.3%)	0.2%	$113.96	+1.5%	COM	29261A100
PI	IMPINJ INC	30,105 (-68.3%)	$5,239 (-69.5%)	0.0%	$111.03	+60.5%	COM	453204109
VRT	VERTIV HOLDINGS CO	827,785 (-14.2%)	$134,109 (-7.9%)	0.5%	$97.83	+77.4%	COM CL A	92537N108
OTEX	OPEN TEXT CORP	280,780 (-33.5%)	$8,168 (-58.3%)	0.0%	$30.38	+16.6%	COM	683715106
SYRE	SPYRE THERAPEUTICS INC	740,326 (-6.1%)	$24,253 (+83.5%)	0.1%	$18.78	+39.2%	COM NEW	00773J202
—	EXPEDIA GROUP INC	1,500,000 (-88.0%)	$1,681 (-86.7%)	0.0%	$1.01	—	NOTE 2/1	30212PBE4
STX	SEAGATE TECHNOLOGY HLDNGS PL	1,229,410 (-16.9%)	$338,567 (-3.1%)	1.3%	$119.94	+115.9%	ORD SHS	G7997R103
FAF	FIRST AMERN FINL CORP	540,000 (-20.0%)	$33,178 (-23.5%)	0.1%	$47.06	+32.4%	COM	31847R102
ORKA	ORUKA THERAPEUTICS INC	978,288 (-5.2%)	$29,652 (+49.4%)	0.1%	$18.50	+50.6%	COM	687604108
MRVL	MARVELL TECHNOLOGY INC	142,000 (-45.4%)	$12,067 (-44.8%)	0.0%	$86.44	+1.2%	COM	573874104
MU	MICRON TECHNOLOGY INC	1,098,037 (-39.5%)	$313,391 (+3.2%)	1.2%	$87.64	+161.7%	COM	595112103
STOK	STOKE THERAPEUTICS INC	1,269,131 (-4.1%)	$40,282 (+29.5%)	0.2%	$12.03	+149.8%	COM	86150R107
MPWR	MONOLITHIC PWR SYS INC	9,180 (-49.1%)	$8,320 (-49.9%)	0.0%	$682.76	+40.7%	COM	609839105
XENE	XENON PHARMACEUTICALS INC	2,465,694 (-3.2%)	$110,512 (+8.1%)	0.4%	$32.07	+31.0%	COM	98420N105
EG	EVEREST GROUP LTD	403,500 (-1.7%)	$136,928 (-4.8%)	0.5%	$256.20	+28.9%	COM	G3223R108
KYMR	KYMERA THERAPEUTICS INC	200,946 (-49.4%)	$15,636 (-30.4%)	0.1%	$38.38	+75.9%	COM	501575104
BKNG	BOOKING HOLDINGS INC	4,059 (-22.7%)	$21,737 (-23.3%)	0.1%	$2463.11	+108.6%	COM	09857L108
INSM	INSMED INC	344,228 (-7.4%)	$59,909 (+11.9%)	0.2%	$57.07	+219.8%	COM PAR $.01	457669307
CLDX	CELLDEX THERAPEUTICS INC NEW	1,008,163 (-22.5%)	$27,382 (-18.6%)	0.1%	$33.17	-20.6%	COM NEW	15117B202
CBRE	CBRE GROUP INC	49,991 (-43.5%)	$8,038 (-42.4%)	0.0%	$154.70	+1.6%	CL A	12504L109
IBKR	INTERACTIVE BROKERS GROUP IN	390,385 (-12.6%)	$25,106 (-18.3%)	0.1%	$41.50	+61.2%	COM CL A	45841N107
—	TRAVERE THERAPEUTICS INC	2,500,000 (-68.8%)	$3,544 (-60.4%)	0.0%	$1.12	—	NOTE 2.250% 3/0	89422GAA5
QCOM	QUALCOMM INC	100,144 (-25.5%)	$17,130 (-23.4%)	0.1%	$143.75	+18.8%	COM	747525103
CNC	CENTENE CORP DEL	640,127 (-27.3%)	$26,341 (-16.2%)	0.1%	$37.71	-0.7%	COM	15135B101
PEN	PENUMBRA INC	58,168 (-36.0%)	$18,085 (-21.4%)	0.1%	$192.28	+43.6%	COM	70975L107
RARE	ULTRAGENYX PHARMACEUTICAL IN	556,628 (-4.6%)	$12,802 (-27.1%)	0.0%	$40.96	-19.7%	COM	90400D108
IMNM	IMMUNOME INC	793,364 (-25.1%)	$17,041 (+37.5%)	0.1%	$8.30	+111.6%	COM	45257U108
TCOM	TRIP COM GROUP LTD	999,029 (-1.5%)	$71,840 (-5.8%)	0.3%	$61.98	—	ADS	89677Q107
DOX	AMDOCS LTD	179,344 (-20.6%)	$14,439 (-22.1%)	0.1%	$80.99	-1.4%	SHS	G02602103
MBC	MASTERBRAND INC	833,400 (-16.4%)	$9,201 (-30.0%)	0.0%	$15.06	-22.3%	COMMON STOCK	57638P104
V	VISA INC	145,583 (-9.5%)	$51,057 (-7.1%)	0.2%	$211.78	+60.7%	COM CL A	92826C839
CACC	CREDIT ACCEP CORP MICH	31,041 (-17.2%)	$13,765 (-21.4%)	0.1%	$494.91	-6.3%	COM	225310101
MA	MASTERCARD INCORPORATED	33,044 (-15.1%)	$18,864 (-14.8%)	0.1%	$382.19	+46.2%	CL A	57636Q104
IRTC	IRHYTHM TECHNOLOGIES INC	308,100 (-8.3%)	$54,669 (-5.4%)	0.2%	$158.75	+11.6%	COM	450056106
LIN	LINDE PLC	3,020 (-66.3%)	$1,288 (-69.8%)	0.0%	$338.69	+26.2%	SHS	G54950103
TTMI	TTM TECHNOLOGIES INC	2,597,412 (-15.2%)	$179,221 (+1.6%)	0.7%	$46.47	+40.4%	COM	87305R109
MIRM	MIRUM PHARMACEUTICALS INC	793,642 (-3.3%)	$62,690 (+4.2%)	0.2%	$33.31	+115.5%	COM	604749101
JLL	JONES LANG LASALLE INC	88,860 (-4.2%)	$29,899 (+8.1%)	0.1%	$260.40	+20.4%	COM	48020Q107
SITM	SITIME CORP	50,300 (-23.5%)	$17,765 (-10.4%)	0.1%	$196.44	+59.3%	COM	82982T106
PCOR	PROCORE TECHNOLOGIES INC	23,200 (-54.5%)	$1,688 (-54.6%)	0.0%	$69.82	+5.9%	COM	74275K108
TRV	TRAVELERS COMPANIES INC	490,000 (-4.9%)	$142,129 (-1.3%)	0.5%	$129.63	+116.5%	COM	89417E109
DXCM	DEXCOM INC	285,744 (-7.4%)	$18,965 (-8.6%)	0.1%	$79.14	-18.3%	COM	252131107
ARES	ARES MANAGEMENT CORPORATION	27,313 (-24.4%)	$4,415 (-23.6%)	0.0%	$91.05	+70.2%	CL A COM STK	03990B101
AVGO	BROADCOM INC	2,716,852 (-4.5%)	$940,302 (+0.1%)	3.6%	$168.03	+112.5%	COM	11135F101
RYTM	RHYTHM PHARMACEUTICALS INC	1,185,392 (-4.8%)	$126,884 (+0.9%)	0.5%	$45.43	+133.5%	COM	76243J105
JPM	JPMORGAN CHASE & CO.	109,733 (-5.1%)	$35,358 (-3.0%)	0.1%	$125.22	+147.2%	COM	46625H100
XMTR	XOMETRY INC	361,330 (-3.6%)	$21,488 (+5.2%)	0.1%	$28.86	+95.3%	CLASS A COM	98423F109
CYTK	CYTOKINETICS INC	2,422,612 (-12.9%)	$153,933 (+0.6%)	0.6%	$40.57	+53.3%	COM NEW	23282W605
TBBB	BBB FOODS INC	819,901 (-16.8%)	$27,376 (+3.0%)	0.1%	$28.02	+6.7%	CL A COM	G0896C103
LEGN	LEGEND BIOTECH CORP	52,893 (-1.9%)	$1,150 (-34.6%)	0.0%	$46.32	—	SPONSORED ADS	52490G102
HIG	HARTFORD INSURANCE GROUP INC	61,294 (-8.5%)	$8,446 (-5.4%)	0.0%	$127.36	+3.3%	COM	416515104
ESNT	ESSENT GROUP LTD	2,450,000 (-2.0%)	$159,275 (+0.2%)	0.6%	$41.56	+49.4%	COM	G3198U102
BLD	TOPBUILD CORP	9,250 (-12.7%)	$3,859 (-6.9%)	0.0%	$312.11	+37.4%	COM	89055F103
LFST	LIFESTANCE HEALTH GROUP INC	20,870 (-4.2%)	$147 (+22.7%)	0.0%	$5.82	+3.6%	COM	53228F101
PHVS	PHARVARIS N V	237,962 (-10.1%)	$6,603 (-0.0%)	0.0%	$22.18	+8.6%	COM	N69605108

Unchanged Positions (38)

LRCX LAM RESEARCH CORP 1.9%

Value ($000) $491,962 Shares 2,873,948 Est. Cost $92.53 Unrealized +67.9%

KLAC KLA CORP 1.6%

Value ($000) $415,799 Shares 342,199 Est. Cost $652.78 Unrealized +79.5%

HGTY HAGERTY INC 0.3%

Value ($000) $77,514 Shares 5,767,416 Est. Cost $10.04 Unrealized +24.3%

RGA REINSURANCE GRP OF AMERICA I 0.5%

Value ($000) $117,686 Shares 578,425 Est. Cost $127.89 Unrealized +51.2%

MKSI MKS INC. 0.1%

Value ($000) $22,931 Shares 143,498 Est. Cost $123.15 Unrealized +20.4%

NVDA NVIDIA CORPORATION 7.0%

Value ($000) $1,807,873 Shares 9,693,690 Est. Cost $92.37 Unrealized +101.5%

H HYATT HOTELS CORP 0.1%

Value ($000) $19,333 Shares 120,593 Est. Cost $128.57 Unrealized +19.1%

SYY SYSCO CORP 0.1%

Value ($000) $16,485 Shares 223,714 Est. Cost $71.53 Unrealized +5.6%

URI UNITED RENTALS INC 0.0%

Value ($000) $10,433 Shares 12,891 Est. Cost $247.91 Unrealized +249.8%

— SPHERE ENTERTAINMENT CO 0.0%

Value ($000) $5,488 Shares 2,000,000 Est. Cost $1.90 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.1%

Value ($000) $34,891 Shares 215,430 Est. Cost $114.62 Unrealized +36.3%

BLDR BUILDERS FIRSTSOURCE INC 0.0%

Value ($000) $7,461 Shares 72,518 Est. Cost $160.31 Unrealized -29.9%

CGON CG ONCOLOGY INC 0.2%

Value ($000) $45,616 Shares 1,098,662 Est. Cost $37.78 Unrealized +9.5%

FWONK LIBERTY MEDIA CORP DEL 0.1%

Value ($000) $18,450 Shares 187,290 Est. Cost $64.22 Unrealized —

MCK MCKESSON CORP 0.1%

Value ($000) $24,018 Shares 29,280 Est. Cost $397.93 Unrealized +105.0%

SN SHARKNINJA INC 0.1%

Value ($000) $16,415 Shares 146,694 Est. Cost $100.25 Unrealized -1.7%

ELV ELEVANCE HEALTH INC FORMERLY 0.1%

Value ($000) $15,799 Shares 45,068 Est. Cost $405.99 Unrealized -17.1%

AFL AFLAC INC 0.2%

Value ($000) $49,401 Shares 448,000 Est. Cost $40.96 Unrealized +168.2%

AGCO AGCO CORP 0.1%

Value ($000) $18,670 Shares 178,965 Est. Cost $94.96 Unrealized +11.6%

CNM CORE & MAIN INC 0.1%

Value ($000) $13,620 Shares 262,079 Est. Cost $39.79 Unrealized +28.9%

LFUS LITTELFUSE INC 0.1%

Value ($000) $14,438 Shares 57,085 Est. Cost $245.44 Unrealized +3.7%

— ORMAT TECHNOLOGIES INC 0.0%

Value ($000) $3,415 Shares 2,500,000 Est. Cost $1.21 Unrealized —

— LI AUTO INC 0.0%

Value ($000) $2,517 Shares 2,500,000 Est. Cost $1.20 Unrealized —

ADUS ADDUS HOMECARE CORP 0.0%

Value ($000) $3,164 Shares 29,459 Est. Cost $99.76 Unrealized +15.1%

— ASCENDIS PHARMA A/S 0.0%

Value ($000) $7,102 Shares 5,000,000 Est. Cost $1.36 Unrealized —

— FORTUNA MNG CORP 0.0%

Value ($000) $3,394 Shares 2,000,000 Est. Cost $1.59 Unrealized —

— JD.COM INC 0.0%

Value ($000) $2,506 Shares 2,500,000 Est. Cost $1.04 Unrealized —

FERG FERGUSON ENTERPRISES INC 0.0%

Value ($000) $10,782 Shares 48,428 Est. Cost $198.37 Unrealized +20.0%

— CHEFS WHSE INC 0.0%

Value ($000) $4,528 Shares 3,000,000 Est. Cost $1.10 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $51,070 Shares 101,602 Est. Cost $283.06 Unrealized +75.8%

CHE CHEMED CORP NEW 0.0%

Value ($000) $2,181 Shares 5,098 Est. Cost $476.69 Unrealized -8.7%

— IMMUNOCORE HLDGS PLC 0.0%

Value ($000) $9,978 Shares 11,000,000 Est. Cost $0.90 Unrealized —

— LIBERTY MEDIA CORP DEL 0.0%

Value ($000) $1,271 Shares 1,000,000 Est. Cost $0.98 Unrealized —

NTES NETEASE INC 0.0%

Value ($000) $241 Shares 1,750 Est. Cost $134.58 Unrealized —

ENSG ENSIGN GROUP INC 0.0%

Value ($000) $2,895 Shares 16,619 Est. Cost $144.99 Unrealized +23.9%

GDRX GOODRX HLDGS INC 0.0%

Value ($000) $27 Shares 10,000 Est. Cost $6.48 Unrealized -49.3%

STXS STEREOTAXIS INC 0.0%

Value ($000) $41 Shares 17,665 Est. Cost $7.27 Unrealized -63.4%

— ETSY INC 0.0%

Value ($000) $4,015 Shares 4,500,000 Est. Cost $0.89 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LRCX	LAM RESEARCH CORP	2,873,948	$491,962	1.9%	$92.53	+67.9%	COM NEW	512807306
KLAC	KLA CORP	342,199	$415,799	1.6%	$652.78	+79.5%	COM NEW	482480100
HGTY	HAGERTY INC	5,767,416	$77,514	0.3%	$10.04	+24.3%	CL A COM	405166109
RGA	REINSURANCE GRP OF AMERICA I	578,425	$117,686	0.5%	$127.89	+51.2%	COM NEW	759351604
MKSI	MKS INC.	143,498	$22,931	0.1%	$123.15	+20.4%	COM	55306N104
NVDA	NVIDIA CORPORATION	9,693,690	$1,807,873	7.0%	$92.37	+101.5%	COM	67066G104
H	HYATT HOTELS CORP	120,593	$19,333	0.1%	$128.57	+19.1%	COM CL A	448579102
SYY	SYSCO CORP	223,714	$16,485	0.1%	$71.53	+5.6%	COM	871829107
URI	UNITED RENTALS INC	12,891	$10,433	0.0%	$247.91	+249.8%	COM	911363109
—	SPHERE ENTERTAINMENT CO	2,000,000	$5,488	0.0%	$1.90	—	NOTE 3.500%12/0	55826TAB8
ICE	INTERCONTINENTAL EXCHANGE IN	215,430	$34,891	0.1%	$114.62	+36.3%	COM	45866F104
BLDR	BUILDERS FIRSTSOURCE INC	72,518	$7,461	0.0%	$160.31	-29.9%	COM	12008R107
CGON	CG ONCOLOGY INC	1,098,662	$45,616	0.2%	$37.78	+9.5%	COM	156944100
FWONK	LIBERTY MEDIA CORP DEL	187,290	$18,450	0.1%	$64.22	—	COM LBTY ONE S C	531229755
MCK	MCKESSON CORP	29,280	$24,018	0.1%	$397.93	+105.0%	COM	58155Q103
SN	SHARKNINJA INC	146,694	$16,415	0.1%	$100.25	-1.7%	COM SHS	G8068L108
ELV	ELEVANCE HEALTH INC FORMERLY	45,068	$15,799	0.1%	$405.99	-17.1%	COM	036752103
AFL	AFLAC INC	448,000	$49,401	0.2%	$40.96	+168.2%	COM	001055102
AGCO	AGCO CORP	178,965	$18,670	0.1%	$94.96	+11.6%	COM	001084102
CNM	CORE & MAIN INC	262,079	$13,620	0.1%	$39.79	+28.9%	CL A	21874C102
LFUS	LITTELFUSE INC	57,085	$14,438	0.1%	$245.44	+3.7%	COM	537008104
—	ORMAT TECHNOLOGIES INC	2,500,000	$3,415	0.0%	$1.21	—	NOTE 2.500% 7/1	686688AB8
—	LI AUTO INC	2,500,000	$2,517	0.0%	$1.20	—	NOTE 0.250% 5/0	50202MAB8
ADUS	ADDUS HOMECARE CORP	29,459	$3,164	0.0%	$99.76	+15.1%	COM	006739106
—	ASCENDIS PHARMA A/S	5,000,000	$7,102	0.0%	$1.36	—	NOTE 2.250% 4/0	04351PAD3
—	FORTUNA MNG CORP	2,000,000	$3,394	0.0%	$1.59	—	NOTE 3.750% 6/3	349915AE8
—	JD.COM INC	2,500,000	$2,506	0.0%	$1.04	—	NOTE 0.250% 6/0	47215PAJ5
FERG	FERGUSON ENTERPRISES INC	48,428	$10,782	0.0%	$198.37	+20.0%	COMMON STOCK NEW	31488V107
—	CHEFS WHSE INC	3,000,000	$4,528	0.0%	$1.10	—	NOTE 2.375%12/1	163086AE1
BRK/B	BERKSHIRE HATHAWAY INC DEL	101,602	$51,070	0.2%	$283.06	+75.8%	CL B NEW	084670702
CHE	CHEMED CORP NEW	5,098	$2,181	0.0%	$476.69	-8.7%	COM	16359R103
—	IMMUNOCORE HLDGS PLC	11,000,000	$9,978	0.0%	$0.90	—	NOTE 2.500% 2/0	45258DAB1
—	LIBERTY MEDIA CORP DEL	1,000,000	$1,271	0.0%	$0.98	—	NOTE 2.250% 8/1	531229AQ5
NTES	NETEASE INC	1,750	$241	0.0%	$134.58	—	SPONSORED ADS	64110W102
ENSG	ENSIGN GROUP INC	16,619	$2,895	0.0%	$144.99	+23.9%	COM	29358P101
GDRX	GOODRX HLDGS INC	10,000	$27	0.0%	$6.48	-49.3%	COM CL A	38246G108
STXS	STEREOTAXIS INC	17,665	$41	0.0%	$7.27	-63.4%	COM NEW	85916J409
—	ETSY INC	4,500,000	$4,015	0.0%	$0.89	—	NOTE 0.250% 6/1	29786AAN6